Boeing CEO Resigns Amid Safety Crisis

Boeing President and CEO Dave Calhoun has announced his intention to resign by the end of the year amidst the ongoing challenges faced by the US aerospace giant due to the 737 Max crisis.

This decision is part of a significant restructuring within the company, marking the most extensive management shakeup in Boeing’s history.

In a letter to employees published on Boeing’s official website on Monday, Calhoun referred to the incident on January 5 involving Alaska Airlines Flight 1282 as a pivotal moment for the company.

Calhoun emphasized the importance of responding to the accident with transparency and humility, acknowledging the global attention on Boeing and expressing confidence in the company’s ability to emerge stronger from this situation.

Initially brought in to guide Boeing through a challenging period, Calhoun’s departure coincides with that of Boeing Commercial Airplanes CEO Stan Deal, who will also be stepping down immediately.

Furthermore, Board Chair Larry Kellner has indicated that he will not seek re-election at the upcoming annual shareholder meeting, signaling a broader shift in leadership within the company.

Boeing’s production practices have faced heightened scrutiny following a recent incident involving a 737 MAX 9 aircraft, prompting safety inspections and temporary grounding of these jets by the US Federal Aviation Administration (FAA).

The incident on January 5, where a door panel detached mid-flight on an Alaska Airlines plane, has raised concerns about the safety and quality standards of Boeing aircraft, with airlines like Alaska Airlines reporting issues such as loose bolts on their Boeing planes.